Yimutian (NASDAQ:YMT) Stock Rating Upgraded by Wall Street Zen

Yimutian (NASDAQ:YMT) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Yimutian in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Yimutian Price Performance

YMT opened at $0.60 on Friday. The business has a fifty day simple moving average of $2.20 and a 200-day simple moving average of $14.93. Yimutian has a fifty-two week low of $0.60 and a fifty-two week high of $532.80.

Yimutian Company Profile

Yimutian Inc operates an agricultural business-to-business e-commerce platform in China. Its online marketplace is designed to connect agricultural producers, suppliers, distributors and buyers, supporting the sourcing and sale of fresh agricultural products and related goods.

The company’s platform provides product listings, transaction and information services, and tools intended to facilitate agricultural commerce. Its business focuses on helping participants in the agricultural supply chain discover trading opportunities and conduct transactions through digital channels.

Yimutian primarily serves users in China and is associated with the broader modernization of agricultural distribution through internet-based marketplaces.